Being hit by the latest recession, at present, more than half of all American households are struggling financially. But, the group that has been hit the hardest is the group of single parents.
Having to manage everything from financial responsibilities to children’s character building, single parents constantly find themselves to be stressed out and without help. For them, everyday seems like a struggle.
Why do single parents have it so hard, and is there anything that can be done about their situation? In this post, we attempt to answer exactly that.
The real reason single parents struggle
Most people assume that single parents struggle to pay the bills and buy groceries because they have low income. That is partially true, but not completely.
A very large number of single parents struggle financially not because they have low income, but because they have a huge amount of debt. They find themselves in a tough spot because a large chunk of their monthly income goes into repayment as soon as they receive their paycheck.
Where to find help?
Fortunately, during these tough times, a large number of organizations have come forward to assist single parents repay their loans effectively, including the very popular National Debt Relief.
A BBB-accredited business, National Debt Relief has the goal of freeing single parents from the grip of debts with the help of debt settlement.
Being able to reduce repayment amounts of debts – such as medical bills, personal credits, some business debts, and other unsecured loans – by negotiating with creditors, National Debt Relief has helped thousands of people over the past several years.
The business charges only a very small fee in exchange of reduced interest rates and debt tenures, which is consoling to say the least. What is even more consoling is the fact that it refuses to charge anything if it cannot settle the debts of a client for some reason.
There are many reasons why National Debt Relief has been able to maintain a successful past record. One reason is that its team members are experts in the field of debt settlement, having years of experience. Another reason is that the business really cares about its clients and really is driven by its goal of helping those who are struggling financially. It is only because the business takes its work sincerely that it has been able to receive a number of awards, including the Top Ten Reviews number one spot.
Life can be hard for single parents, especially financially. Still, with a bit of help from National Debt Relief, any single parent can stand strong again.